12 West Capital Management LP Has $112.08 Million Holdings in Toast, Inc. (NYSE:TOST)

12 West Capital Management LP reduced its stake in shares of Toast, Inc. (NYSE:TOST - Free Report) by 18.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,074,840 shares of the company's stock after selling 680,000 shares during the quarter. Toast makes up about 11.7% of 12 West Capital Management LP's holdings, making the stock its 4th biggest holding. 12 West Capital Management LP owned about 0.65% of Toast worth $112,078,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in Toast by 2.3% during the third quarter. Geode Capital Management LLC now owns 6,865,934 shares of the company's stock valued at $193,992,000 after buying an additional 155,212 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Toast by 5.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,938,487 shares of the company's stock worth $107,108,000 after acquiring an additional 155,446 shares in the last quarter. Jupiter Asset Management Ltd. lifted its position in Toast by 134.3% during the 4th quarter. Jupiter Asset Management Ltd. now owns 392,853 shares of the company's stock valued at $14,319,000 after acquiring an additional 225,215 shares during the period. New York Life Investment Management LLC bought a new stake in Toast during the fourth quarter worth about $1,572,000. Finally, Forsta AP Fonden grew its holdings in Toast by 191.4% in the fourth quarter. Forsta AP Fonden now owns 234,300 shares of the company's stock worth $8,540,000 after purchasing an additional 153,900 shares during the period. 82.91% of the stock is currently owned by institutional investors.

Insider Activity at Toast

In related news, Director Christopher P. Comparato sold 70,000 shares of the company's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $35.71, for a total transaction of $2,499,700.00. Following the completion of the transaction, the director now owns 164,796 shares in the company, valued at approximately $5,884,865.16. This represents a 29.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Stephen Fredette sold 1,068 shares of Toast stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $42,324.84. Following the completion of the sale, the president now owns 1,644,656 shares in the company, valued at approximately $65,177,717.28. This represents a 0.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 270,770 shares of company stock worth $9,409,211. 13.32% of the stock is owned by corporate insiders.

Toast Price Performance

Shares of NYSE:TOST traded up $0.01 during midday trading on Friday, hitting $34.30. The company had a trading volume of 4,887,706 shares, compared to its average volume of 6,819,214. The company has a fifty day moving average of $35.55 and a two-hundred day moving average of $36.04. Toast, Inc. has a 12-month low of $21.32 and a 12-month high of $44.12. The company has a market cap of $16.95 billion, a price-to-earnings ratio of -3,426.97, a PEG ratio of 2.16 and a beta of 2.00.

Toast (NYSE:TOST - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). Toast had a net margin of 0.40% and a return on equity of 1.54%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. Research analysts expect that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TOST has been the topic of a number of analyst reports. BMO Capital Markets boosted their price target on Toast from $46.00 to $48.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. UBS Group raised their price target on Toast from $41.00 to $47.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Robert W. Baird upped their price target on shares of Toast from $38.00 to $40.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. Royal Bank of Canada raised their price objective on shares of Toast from $40.00 to $45.00 and gave the company a "sector perform" rating in a research note on Thursday, February 20th. Finally, Morgan Stanley dropped their target price on shares of Toast from $50.00 to $46.00 and set an "overweight" rating on the stock in a research note on Wednesday. Thirteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Toast currently has an average rating of "Hold" and an average price target of $40.09.

About Toast

Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, and India. The company offers software products for restaurant operations and point of sale, such as Toast POS, Toast now, multi-location management, kitchen display system, Toast mobile order and pay, Toast catering and events, Toast invoicing, Toast tables, and restaurant retail; and hardware products, including Toast flex, Toast flex for guest, Toast go 2, Toast tap, kiosks, and Delphi by Toast.